KeyCorp Weighs in on Ameren’s Q2 Earnings (NYSE:AEE)

Ameren Corporation (NYSE:AEE) – Analysts at KeyCorp issued their Q2 2026 earnings per share estimates for Ameren in a research report issued to clients and investors on Wednesday, July 22nd. KeyCorp analyst S. Karp expects that the utilities provider will post earnings per share of $1.09 for the quarter. KeyCorp currently has a “Overweight” rating and a $122.00 price objective on the stock. The consensus estimate for Ameren’s current full-year earnings is $5.39 per share. KeyCorp also issued estimates for Ameren’s Q3 2026 earnings at $2.33 EPS and Q4 2026 earnings at $0.69 EPS.

Ameren (NYSE:AEE) last posted its earnings results on Tuesday, May 5th. The utilities provider reported $1.28 earnings per share for the quarter, beating the consensus estimate of $1.17 by $0.11. The business had revenue of $2.18 billion during the quarter, compared to the consensus estimate of $2.24 billion. Ameren had a return on equity of 10.94% and a net margin of 17.17%.The business’s quarterly revenue was up 3.8% on a year-over-year basis. During the same period in the previous year, the business earned $1.07 EPS. Ameren has set its FY 2026 guidance at 5.250-5.450 EPS.

Other equities research analysts have also recently issued research reports about the company. Wall Street Zen upgraded Ameren from a “sell” rating to a “hold” rating in a research note on Saturday. Morgan Stanley raised their target price on shares of Ameren from $115.00 to $118.00 and gave the stock an “equal weight” rating in a research report on Wednesday. BTIG Research set a $126.00 target price on shares of Ameren in a research report on Thursday. BMO Capital Markets cut their target price on shares of Ameren from $121.00 to $119.00 and set an “outperform” rating on the stock in a report on Wednesday. Finally, Barclays upped their price target on shares of Ameren from $116.00 to $117.00 and gave the company an “equal weight” rating in a research report on Thursday, July 9th. Ten analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, Ameren has an average rating of “Moderate Buy” and a consensus target price of $121.50.

Ameren Trading Up 0.4%

NYSE:AEE opened at $113.75 on Friday. The stock’s 50 day moving average price is $110.82 and its 200 day moving average price is $109.22. The company has a market capitalization of $31.48 billion, a PE ratio of 20.46, a P/E/G ratio of 2.75 and a beta of 0.47. The company has a quick ratio of 0.44, a current ratio of 0.62 and a debt-to-equity ratio of 1.39. Ameren has a 52-week low of $96.57 and a 52-week high of $118.32.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. raised its holdings in Ameren by 1.4% during the fourth quarter. Vanguard Group Inc. now owns 35,645,555 shares of the utilities provider’s stock worth $3,559,565,000 after purchasing an additional 495,945 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in Ameren by 245.1% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 87,543 shares of the utilities provider’s stock valued at $8,808,000 after purchasing an additional 62,173 shares during the period. Horizon Investments LLC boosted its holdings in Ameren by 193.1% in the 4th quarter. Horizon Investments LLC now owns 26,312 shares of the utilities provider’s stock valued at $2,628,000 after purchasing an additional 17,336 shares in the last quarter. Franklin Resources Inc. boosted its holdings in Ameren by 5.2% in the 4th quarter. Franklin Resources Inc. now owns 2,473,120 shares of the utilities provider’s stock valued at $246,966,000 after purchasing an additional 123,084 shares in the last quarter. Finally, North Dakota State Investment Board purchased a new stake in Ameren in the 4th quarter valued at approximately $924,000. Institutional investors and hedge funds own 79.09% of the company’s stock.

Insider Buying and Selling

In other Ameren news, SVP Theresa A. Shaw sold 325 shares of the stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $109.08, for a total transaction of $35,451.00. Following the completion of the sale, the senior vice president directly owned 32,618 shares of the company’s stock, valued at approximately $3,557,971.44. This trade represents a 0.99% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.29% of the stock is currently owned by corporate insiders.

Ameren Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 9th were paid a dividend of $0.75 per share. The ex-dividend date of this dividend was Tuesday, June 9th. This represents a $3.00 annualized dividend and a yield of 2.6%. Ameren’s dividend payout ratio is currently 53.96%.

Key Stories Impacting Ameren

Here are the key news stories impacting Ameren this week:

• Positive Sentiment: KeyCorp reiterated an Overweight rating and $122 price target on Ameren, while also nudging up earnings estimates for FY2026 through FY2030. Higher long-term EPS forecasts can reinforce the case for valuation upside.
• Positive Sentiment: BMO Capital reportedly remains a Buy on Ameren, suggesting at least one major analyst still sees favorable risk/reward in the name ahead of earnings. BMO Capital Remains a Buy on Ameren (AEE)
• Neutral Sentiment: Market commentary asking whether Ameren is fairly valued going into its July 30 earnings report may be keeping investors focused on the upcoming results rather than any immediate catalyst. Is Ameren (AEE) Fairly Valued Going Into Its July 30 Earnings?
• Neutral Sentiment: Wall Street Zen reportedly upgraded Ameren, adding to the generally supportive analyst tone, though the details on the scope of the upgrade were limited. Ameren (NYSE:AEE) Stock Rating Upgraded by Wall Street Zen
• Negative Sentiment: BMO Capital also cut its price target to $119 from a higher prior level, which may temper enthusiasm even though the firm stayed positive on the stock. BMO Capital Markets Lowers Ameren (NYSE:AEE) Price Target to $119.00

Ameren Company Profile

Ameren Corporation (NYSE: AEE) is an integrated energy company headquartered in St. Louis, Missouri, that provides electric and natural gas delivery and related services in portions of Missouri and Illinois. The company operates regulated utility businesses that serve a broad mix of residential, commercial and industrial customers, and it participates in wholesale energy markets and transmission operations that support reliable service across its service territories.

Ameren’s core activities include generation, transmission and distribution of electricity, distribution of natural gas, and the provision of customer energy solutions such as demand-side management and energy efficiency programs.